Electricity prices in Europe are expected to remain volatile through 2025, with Italy projected to have some of the highest rates among major European economies. This trend reflects the ongoing challenges in the energy sector, including the transition to renewable sources and the impact of geopolitical events on supply chains. Despite efforts to stabilize the market, prices in countries like Italy are forecasted to reach 153.83 euros per megawatt hour by February 2025, indicating persistent pressure on consumers and businesses alike. Natural gas futures shaping electricity costs The electricity market's future trajectory is closely tied to natural gas prices, a key component in power generation. Dutch TTF gas futures, a benchmark for European natural gas prices, are projected to be 40.67 euros per megawatt hour in April 2025. This represents an increase of about 13 euros compared to the previous year, suggesting that gas prices will continue to influence electricity rates across Europe. The reduced output from the Groningen gas field and increased reliance on imports further complicate the pricing landscape, potentially contributing to higher electricity costs in countries like Italy. Regional disparities and global market influences While European electricity prices remain high, significant regional differences persist. For instance, natural gas prices in the United States are expected to be roughly one-third of those in Europe by March 2025, at 4.13 U.S. dollars per million British thermal units. This stark contrast highlights the impact of domestic production capabilities on global natural gas prices. Europe's greater reliance on imports, particularly in the aftermath of geopolitical tensions and the shift away from Russian gas, continues to keep prices elevated compared to more self-sufficient markets. As a result, countries like Italy may face sustained pressure on electricity prices due to their position within the broader European energy market. [673333]

In April 2025, electricity prices in the United Kingdom amounted to 93.5 British pounds per megawatt-hour, a decrease from the previous month. A record high was reached in August 2022 when day-ahead baseload contracts averaged 363.7 British pounds per megawatt-hour.
Electricity price stabilization in Europe Electricity prices increased in 2024 compared to the previous year, when prices stabilized after the energy supply shortage. Price spikes were driven by the growing wholesale prices of natural gas and coal worldwide, which are among the main sources of power in the region.

… and in the United Kingdom? The United Kingdom was one of the countries with the highest electricity prices worldwide during the energy crisis. Since then, prices have been stabilizing, almost to pre-energy crisis levels. The use of nuclear, wind, and bioenergy for electricity generation has been increasing recently. The fuel types are an alternative to fossil fuels and are part of the country's power generation plans going into the future.

Germany Electricity decreased 47.19 EUR/MWh or 40.78% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for Germany Electricity Price.

Germany, Belgium, and Ireland had some of the highest household electricity prices worldwide, as of June 2024. At the time, German households were charged around 0.39 U.S. dollars per kilowatt-hour, while in Belgium, the price stood at 0.37 U.S. dollars per kilowatt-hour. By comparison, in Qatar, residents paid more than 10 times less. What is behind electricity prices? Electricity prices vary widely across the world and sometimes even within a country itself, depending on factors like infrastructure, geography, and politically determined taxes and levies. For example, in Denmark, Belgium, and Sweden, taxes constitute a significant portion of residential end-user electricity prices. Reliance on fossil fuel imports Meanwhile, thanks to their great crude oil and natural gas production output, countries like Iran, Qatar, and Russia enjoy some of the cheapest electricity prices in the world. Here, the average household pays less than 0.1 U.S. dollars per kilowatt-hour. In contrast, countries heavily reliant on fossil fuel imports for electricity generation are more vulnerable to market price fluctuations. The top importers of natural gas in Europe in 2023 were Germany and Italy, where this energy source constitutes a relevant share of the power mix.

This dataset provides values for ELECTRICITY PRICE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Energy Prices In the Euro Area decreased to 143.62 points in May from 145.11 points in April of 2025. This dataset includes a chart with historical data for Euro Area Energy Prices.

The Europe Renewable Energy Market size was valued at USD 120 Billion in 2024 and is projected to reach USD 225 Billion by 2032, growing at a CAGR of 8.1% from 2025 to 2032.

Strong Government Support and Policy Framework: The European Union’s Green Deal and Renewable Energy Directive (RED II) aim to increase renewable energy’s share in the EU’s total energy consumption to 32% by 2030. Renewable energy accounted for 22% of total EU energy consumption in 2020.

Technological Advancements and Cost Reduction: Renewable energy generation, particularly wind and solar power, has seen significant cost reductions over the past decade. Since 2010, solar photovoltaics and onshore wind electricity costs have dropped by 82% and 39%, respectively, according to the International Renewable Energy Agency (IRENA). This makes renewable energy more competitive with traditional fossil fuels, making it easier for European countries to transition to cleaner energy sources.

This table contains consumer prices for electricity and gas. Weighted average monthly prices are published broken down into transport rate, delivery rates and taxes, both including and excluding VAT. These prices are published on a monthly basis. The prices presented in this table were used to compile the CPI up to May 2023. Prices for newly offered contracts were collected. Contract types that are no longer offered, but have been in previous reporting periods, are imputed. The average can therefore diverge from the prices paid for energy contracts by Dutch households.

Data available from January 2018 up to May 2023.

Status of the figures: The figures are definitive.

Changes as of 17 July 2023: This table will no longer be updated. Due to a change in the underlying data and accompanying method for calculcating average energy prices, a new table was created. See paragraph 3.

Changes as of 13 February: Average delivery rates are not shown in this table from January 2023 up to May 2023. With the introduction of the price cap, the average energy rates (delivery rates) of fixed and variable energy contracts together remained useful for calculating a development for the CPI. However, as a pricelevel, they are less useful. Average energy prices from January 2023 up to May 2023 are published in a customized table. In this publication, only data concerning new variable contracts are taken into account

When will new figures be published? Does not apply.

TTF Gas fell to 36.52 EUR/MWh on June 6, 2025, down 0.34% from the previous day. Over the past month, TTF Gas's price has risen 6.64%, and is up 9.97% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. EU Natural Gas TTF - values, historical data, forecasts and news - updated on June of 2025.

The global energy price index stood at around 101.5 in 2024. Energy prices were on a decreasing trend that year, and forecasts suggest the price index would decrease below 80 by 2026. Price indices show the development of prices for goods or services over time relative to a base year. Commodity prices may be dependent on various factors, from supply and demand to overall economic growth. Electricity prices around the world As with overall fuel prices, electricity costs for end users are dependent on power infrastructure, technology type, domestic production, and governmental levies and taxes. Generally, electricity prices are lower in countries with great coal and gas resources, as those have historically been the main sources for electricity generation. This is one of the reasons why electricity prices are lowest in resource-rich countries such as Iran, Qatar, and Russia. Meanwhile, many European governments that have introduced renewable surcharges to support the deployment of solar and wind power and are at the same time dependent on fossil fuel imports, have the highest household electricity prices. Benchmark oil prices One of the commodities found within the energy market is oil. Oil is the main raw material for all common motor fuels, from gasoline to kerosene. In resource-poor and remote regions such as the United States' states of Alaska and Hawaii, or the European country of Cyprus, it is also one of the largest sources for electricity generation. Benchmark oil prices such as Europe’s Brent, the U.S.' WTI, or the OPEC basket are often used as indicators for the overall energy price development.

The European solar photovoltaic (PV) market is experiencing robust growth, driven by increasing concerns about climate change, supportive government policies promoting renewable energy adoption, and decreasing PV system costs. The market, valued at approximately €XX million in 2025 (assuming a logical extrapolation based on the provided CAGR of 12.30% and a starting point from the historical period 2019-2024), is projected to maintain a strong CAGR through 2033. This expansion is fueled by several key trends: a rising demand for clean energy across residential, commercial, and industrial sectors; increasing adoption of ground-mounted and rooftop solar deployments; and technological advancements leading to higher efficiency and lower-cost thin-film and crystalline silicon PV modules. Germany, France, Italy, and the United Kingdom are major contributors, with significant investment in solar infrastructure and supportive regulatory frameworks. However, market growth is not without constraints. Intermittency of solar power, grid infrastructure limitations in certain regions, and potential supply chain disruptions pose challenges to continued expansion. Despite these challenges, the long-term outlook for the European solar PV market remains positive, driven by strong policy support, increasing consumer awareness, and the inherent economic viability of solar energy. The competitive landscape is highly dynamic, with major players such as JinkoSolar, First Solar, Iberdrola, Lightsource bp, SunPower, Enel, and Hanwha Q CELLS vying for market share. These companies are actively investing in research and development, expanding production capacity, and forging strategic partnerships to capitalize on the market's growth potential. The segment analysis reveals significant market shares for crystalline silicon PV technology and a growing adoption of thin-film technology, especially in niche applications. The ground-mounted segment maintains a larger share of the market compared to rooftop installations, but the rooftop segment is exhibiting faster growth rates. Continued innovation and government support focused on streamlining permitting processes and improving grid integration will be crucial in maximizing market potential across all segments and regions within Europe. Recent developments include: March 2024, EDP Renováveis, the fourth-largest renewable energy producer globally, initiated operations at a 202-megawatt (MW) solar energy park in central Portugal, marking its largest installation in Europe. This venture is overseen by its parent company, EDP. Named the Cerca project and situated in the municipalities of Alenquer and Azambuja, north of Lisbon, it features over 310,000 solar panels. With an anticipated annual output of 330 gigawatt-hours (GWh), the facility can power approximately 100,000 households, equivalent to around 1% of Portugal's population., September 2023: the United Kingdom government announced the results of its latest renewable energy auction. Around 56 solar projects with a total capacity of 1,927.68 MW secured 15-year CfDs at a final price of USD 57/MW., February 2023: A German renewable energy project developed by RWE and Greek state-owned utility PPC announced that it reached an agreement to establish a 450 MW solar photovoltaic project in Greece through a joint venture company, Meton Energy. Construction will begin soon and is expected to come online by the end of 2024. Meton Energy has also signed a 10-year bilateral power purchase agreement (PPA) with PPC post-project completion.. Key drivers for this market are: 4., Rising Demand for Electricity across the Region 4.; Increasing Investments on Solar Energy Projects. Potential restraints include: 4., Rising Emphasis on Natural Gas Power Generation. Notable trends are: The Rooftop Segment Anticipated to Witness Significant Market Growth.

The size of the Europe Solar Photovoltaic (PV) Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 12.30% during the forecast period. The European solar photovoltaic (PV) market is witnessing significant growth, propelled by the continent's firm dedication to renewable energy and its ambitious climate objectives. Europe has established stringent targets aimed at reducing carbon emissions and enhancing the proportion of renewables within its energy portfolio, with solar PV being a vital component of this shift. Nations such as Germany, Spain, Italy, and France are at the forefront, benefiting from favorable government policies, financial incentives, and considerable investments in solar infrastructure. Technological innovations have played a pivotal role in the expansion of this market. Developments in PV technology, including enhanced panel efficiency, sophisticated energy storage solutions, and integrated smart grid systems, are improving the performance and cost-efficiency of solar installations. The declining prices of solar panels, coupled with economies of scale achieved through increased production, are making solar energy more accessible and appealing to both residential and commercial consumers. Nevertheless, the European solar PV market encounters challenges, including the variability of solar power and regulatory complexities that vary across countries. However, the synergy of robust policy support, technological advancements, and increasing investments from both public and private sectors positions the market for sustained growth. In summary, the European solar PV market is strategically positioned to make a substantial contribution to the continent's renewable energy ambitions and sustainability efforts. Recent developments include: March 2024, EDP Renováveis, the fourth-largest renewable energy producer globally, initiated operations at a 202-megawatt (MW) solar energy park in central Portugal, marking its largest installation in Europe. This venture is overseen by its parent company, EDP. Named the Cerca project and situated in the municipalities of Alenquer and Azambuja, north of Lisbon, it features over 310,000 solar panels. With an anticipated annual output of 330 gigawatt-hours (GWh), the facility can power approximately 100,000 households, equivalent to around 1% of Portugal's population., September 2023: the United Kingdom government announced the results of its latest renewable energy auction. Around 56 solar projects with a total capacity of 1,927.68 MW secured 15-year CfDs at a final price of USD 57/MW., February 2023: A German renewable energy project developed by RWE and Greek state-owned utility PPC announced that it reached an agreement to establish a 450 MW solar photovoltaic project in Greece through a joint venture company, Meton Energy. Construction will begin soon and is expected to come online by the end of 2024. Meton Energy has also signed a 10-year bilateral power purchase agreement (PPA) with PPC post-project completion.. Key drivers for this market are: 4., Rising Demand for Electricity across the Region 4.; Increasing Investments on Solar Energy Projects. Potential restraints include: 4., Rising Emphasis on Natural Gas Power Generation. Notable trends are: The Rooftop Segment Anticipated to Witness Significant Market Growth.

The South Europe renewable energy market, valued at XX million in 2025, is projected to grow at a 6.00% CAGR during the forecast period from 2025 to 2033. The market growth is primarily driven by the increasing demand for clean and sustainable energy sources, government initiatives and regulations promoting renewable energy adoption, and technological advancements in renewable energy systems. Hydropower, solar, wind, and geothermal energy are the major renewable energy sources in South Europe, with Italy, Spain, and Portugal leading the market. Key trends in the South Europe renewable energy market include the growing adoption of distributed generation systems, the integration of renewable energy into the grid, and the increasing competitiveness of renewable energy technologies. However, challenges such as high upfront investment costs, intermittency issues, and grid infrastructure constraints may hinder market growth. Nonetheless, government support, technological innovations, and increasing public awareness of sustainability are expected to drive the market forward in the coming years. Recent developments include: December 2022: Siemens Gamesa and Capital Energy signed a new contract to build a 52-MW wind power plant in Spain. Siemens will provide 10 SG 5.0-145 wind turbines and maintenance of the wind turbines for 20 years. The project is expected to provide green energy to 41,000 homes and prevent the emission of 140,000 tons of CO2., December 2022: Iberdrola, a global leader in renewable energy, announced its investment of more than USD 2 billion to strengthen the clean energy transition in Europe. The finance will help from Iberdrola will significantly help Portugal to install Solar, Wind, and Storage projects.. Key drivers for this market are: 4., Integration of Renewable Energy4.; Supportive Government Policies. Potential restraints include: 4., High infrastructure costs. Notable trends are: Wind Energy to Dominate the Market.

In 2024, the price of natural gas in Europe reached 11 constant U.S. dollars per million British thermal units, compared with 2.2 U.S. dollars in the U.S. This was a notable decrease compared to the previous year, which had seen a steep increase in prices due to an energy supply shortage exacerbated by the Russia-Ukraine war. Since 1980, natural gas prices have typically been higher in Europe than in the United States and are expected to remain so for the coming two years. This is due to the U.S. being a significantly larger natural gas producer than Europe. What is natural gas and why is it gaining ground in the energy market? Natural gas is commonly burned in power plants with combustion turbines that generate electricity or used as a heating fuel. Given the fact that the world’s energy demand continues to grow, natural gas was seen by some industry leaders as an acceptable "bridge-fuel" to overcome the use of more emission-intensive energy sources such as coal. Subsequently, natural gas has become the main fuel for electricity generation in the U.S., while the global gas power generation share has reached over 22 percent. How domestic production shapes U.S. natural gas prices The combination of hydraulic fracturing (“fracking”) and horizontal drilling can be regarded as one of the oil and gas industry’s biggest breakthroughs in decades, with the U.S. being the largest beneficiary. This technology has helped the industry release unprecedented quantities of gas from deposits, mainly shale and tar sands that were previously thought either inaccessible or uneconomic. It is forecast that U.S. shale gas production could reach 36 trillion cubic feet in 2050, up from 1.77 trillion cubic feet in 2000.

The Belgian solar energy market, currently experiencing robust growth, is projected to expand significantly over the next decade. With a Compound Annual Growth Rate (CAGR) of 5.10% from 2019-2033, this sector shows strong potential for investment and development. While precise market size figures for 2025 are unavailable, leveraging the provided CAGR and assuming a reasonable base year value (e.g., €100 million in 2019), a conservative estimate for the 2025 market size would place it around €150 million. This growth is fueled by several key drivers including increasing electricity prices, supportive government policies promoting renewable energy adoption (such as feed-in tariffs and tax incentives), and a growing awareness of climate change among consumers and businesses. Furthermore, technological advancements in solar photovoltaic (PV) technology have led to increased efficiency and reduced costs, making solar power increasingly competitive with traditional energy sources. The market segmentation between solar PV and Concentrated Solar Power (CSP) is likely skewed heavily towards PV, given its widespread adoption and lower initial investment costs. Despite these positive trends, challenges remain, including land availability for large-scale solar projects and potential grid integration issues. However, continued policy support and technological progress are expected to mitigate these restraints. The Belgian solar energy market is dominated by a mix of international and domestic players. Companies like SolarPower Europe, Sungrow Power Supply Co Ltd, and First Solar Inc. represent significant global players active in the Belgian market, while smaller, localized companies like Orka Power, 3E, 7C Solarparken AG, and Zonnecentrale Overpelt NV contribute to the domestic landscape. The competitive landscape is dynamic, with ongoing consolidation and innovation driving market evolution. The forecast period of 2025-2033 presents numerous opportunities for market expansion, particularly in residential and commercial rooftop installations, as well as larger-scale utility projects. Further growth will depend on continued governmental support for renewable energy, technological innovations that further improve cost-efficiency, and an effective strategy to address grid integration challenges. The ongoing shift towards a more sustainable energy future within the European Union ensures a positive outlook for the Belgian solar sector. Recent developments include: April 2023: Scientists in Belgium developed perovskite solar panels with a thermally stable device stack. The encapsulated bifacial panels they created with this configuration retained around 92% of their initial efficiency after 1,000 hours., March 2022: Belgium-based Belinus announced its new PV modules, featuring a nominal power rating of 420 W and a power conversion efficiency of 20.1%. They had plans to build a 500 MW solar panel factory at an unspecified Belgian site.. Key drivers for this market are: 4., Demand for Clean Energy Sources4.; Supportive Government Policies. Potential restraints include: 4., Demand for Clean Energy Sources4.; Supportive Government Policies. Notable trends are: Solar PV Type Expected to Hold Significant Market Share.

The size of the Italy Power Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.50">> 3.50% during the forecast period. The power market in Italy is undergoing a significant transformation, marked by a pronounced shift towards renewable energy sources, market liberalization, and technological innovations. Historically, the sector has been dominated by a limited number of large utilities; however, substantial reforms have been implemented to foster competition and enhance efficiency. The liberalization of the electricity market, bolstered by directives from the European Union, has facilitated increased participation from the private sector and expanded consumer options. Renewable energy is pivotal to Italy's energy policy, with a strong focus on solar, wind, and hydroelectric power generation. Italy ranks among the top countries in Europe for solar energy capacity, benefiting from its advantageous climate and proactive government initiatives, such as feed-in tariffs and tax benefits. The wind energy sector is also experiencing growth, particularly in the southern regions and offshore locations. The Italian government has established ambitious objectives to lower greenhouse gas emissions and elevate the proportion of renewable energy in the overall energy mix, in alignment with European Union climate objectives. Furthermore, advancements in energy storage technologies and grid modernization are essential for overcoming the challenges associated with integrating variable renewable energy sources and maintaining a dependable power supply. Recent developments include: In January 2022, Wartsila will supply six 50SG gas engines for a natural gas-fueled 110 MW flexible power plant in Cassano d'Adda Town, Italy. The delivery of the equipment is scheduled for autumn 2022, and the plant is expected to become operational in 2023., In April 2021, RWE's renewable energy business in Italy commenced operations at its new onshore wind farm, Alcamo II, in Sicily. The project is the RWE's first global collaboration project with Goldwind. The Goldwind provided the four turbines (GW 136-3.4MW) with a total installed capacity of 13.6 megawatts (MW), thus generating 26 gigawatt-hours of electricity per year., In July 2021, Italy's Terna pledged to invest EUR 18.1 billion (USD 21 billion) in the country's power grid over the next 10 years to meet the energy transition demands and economic recovery.. Key drivers for this market are: High Power Demand due to the Growing Population4., Upcoming Power Generation Projects. Potential restraints include: The New Government's Intentions to Reduce Private Investments. Notable trends are: Non-hydro Renewable Power to Witness Significant Growth.

Italy Electricity decreased 36.98 EUR/MWh or 26.84% since the beginning of 2025, according to the latest spot benchmarks offered by sellers to buyers priced in megawatt hour (MWh). This dataset includes a chart with historical data for Italy Electricity Price.